Income Tax
Log in to FollowLatest Income Tax news, articles, notifications, circulars and case laws covering ITR, assessments, deductions, TDS, capital gains, tax audit, appeals and compliance.

Bombay HC Quashes Reassessment for approval from wrong authority

Disallowance for Pension Bond Interest Remanded Due to Wrong ITR Reporting

Section 54 Relief Upheld as Property Reinvestment Delay Beyond Assessee’s Control

No Room for Double Assessment: ITAT Deletes ₹45 Crore Bogus-Loss Addition

ITAT Delhi Rules Entertainment Tax Subsidy as Capital Receipt in PVR Ltd. Case

Interest on Income Tax Demand Starts After 30 Days of Valid Section 156 Notice

Updated 26AS Can’t Shift Income — ITAT Deletes Wrong-Year Addition

Common Area Maintenance Is a Contract — ITAT Again Says 194C, Not 194I, for PVR Inox

No Defect in Books, No Section 68- When Books Are Clean, Additions Can’t Stand

Incorrect Approval Dooms 148 Notice: ITAT Quashes Reassessment Under New Regime

ITAT Allows TDS Credit Based on Form 26AS Despite Turnover Mismatch in Books

ITAT Mumbai Sets Aside ₹8.9 Cr Loan Addition for Non-Service of Notices via Dysfunctional Email

No Addition Just for Representing Clients in Bogus Share Investigation as a CA

Ten-Year Section 153A Block to Be Counted from AY of Search Year, Not Before
Income Tax is TaxGuru’s extensive resource for developments under India’s direct tax laws. This category covers Income-tax provisions, rules, notifications, circulars, instructions, judicial decisions and practical compliance issues. Readers can explore articles and case laws on income-tax returns, assessments, reassessment, deductions, exemptions, capital gains, business income, TDS and TCS, tax audit, penalties, appeals, international taxation and other direct tax matters. The category also covers important CBDT announcements, tax deadlines, return filing developments and changes affecting individuals, businesses and other taxpayers. Chartered Accountants, advocates, tax professionals, companies and taxpayers can use this section to follow legislative, administrative and judicial developments and research important Income Tax issues and precedents.
